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6/1/2012 5:30PM

High-End Haggling: Watch This!

The wealthy don't always pay retail, even at the highest end of the luxury chain. Kelsey Hubbard joins Michael Clerizo, WSJ Magazine Contributing Watch Editor on a trip to luxury watch retailer WEMPE to learn some tips on how to buy a luxury watch and how to haggle when it comes to the price.

This transcript has been automatically generated and may not be 100% accurate.

I ... you're watching ... these days there about a whole lot more than just telling time ... many consider them many works of art ... engineering that goes on inside the watch ... as important as the look on the outside ... and despite the struggling economy or worries about euro zone luxury watch they'll have bounced back to pre recession levels it is to me ... in fact recently it's had ... a better year than at the ... two thousandseven two thousandeight ... walked to sorting beads with all ... boxes are increasingly ... necessary to keep the bevy of man ... then like ... we're in the options ... the Swiss watch industry ... of ... they've all been right that has slowed things are that they're not ... find a high-end watch though can be intimidating especially for the uninitiated ... so Michael Cleary so Wall Street Journal's contributing Watch Editor and I ... visited the high-end watched or went The on fifth Avenue for alleged re watch buying one o one ... Michael's first piece of advice to decide what you want to watch Tuesday three year he won the last ... best of friends ... we wanna watch the speech ... when that ... when the thing ... you wanna watch it with lightning and surfing ... playing and it's ... going to like what what what should you when you find that as more people carry I Phones ... Patel time for them less people can adjust or watch t tell the time they wanted to do more than a ... year absolutely in theory the refusal of the primary source of ... the people who I Phones ... I don't think it was open and it was in the morning in the audience and those those using active and ... love for Steady reasons ... women need to know something on the theme song for ... the five years the SEC isn't it that it's ... really meant ... I think it's a ... piece of jewelry for all ... it's starts can wear gold chains and bracelets ... the bank presidents can wear a ... lab that one ... tells something besides ... there are so many brands of what's out there it is sort of ... intimidating to look at that moment the offer is out there in a narrow it down but would be the best option right for ... doing that or ... are we doing this four hundred and thirty two years the family owned business ... so for the years we focus on companies that have a long track record of ... into national service and reliability ... of longevity ... and that something that you use in the coming autumn ritual that somebody run for years about ten years ... use the service ... watches you need to be serviced ... people to think about it ... the same way they do but it's hard ... to watch does need to have the Toyota depending on brand ... once every three to seven years ... it's ... really be aware that a lot of these high-end inside of her day have varying heights ... he got to go absolutely a ... great one but there's tons more ... so gruesome that started three thousand dollars ... regardless of what price point makes you a buyer ... you might be surprised to learn that you should always try negotiate the price of a great believer in the US kept private ... and what the Bible sometimes a lot of very expensive stones ... is seen by people I say thirty five thousand dollar watch ... us for the bill that would ruin ... the bill say for the same price ... some public it's ... always hard to ... always ask ... for some of the bites ... it's difficult ... not a lot of what the brands need to or want to do it ... always ask ... is C White does get some of the day